SHARED OWNERSHIP
Springer Court - 2 Bed
Springer Court, 26 Navigation Road, London, Tower Hamlets, E3 3TN
Resale Shared Ownership
(Share Price (35%) - £148,750
Full Value Price £425,000
(Share Price (35%) - £148,750
Full Value Price £425,000
2 Bedrooms
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SHARED OWNERSHIP
Springer Court - 2 Bed
Springer Court, 26 Navigation Road, London, Tower Hamlets, E3 3TN
Resale Shared Ownership
(Share Price (35%) - £148,750
Full Value Price £425,000
(Share Price (35%) - £148,750
Full Value Price £425,000
2 Bedrooms
Property reference number: 1283
Springer Court is a two-bedroom property located on the second floor of a five-floor block built in 2016. The approximate size of the property is 72 sq. meters and the lease remaining is 120 years.
There are good transport links with Bromley-By-Bow Underground Station linking to Liverpool Street Station in 10 minutes.
Local amenities are located 0.3 miles away along the A12 on St Leonard’s Street. For leisure and enjoyment, Stratford City is 20 minutes away via bus links, with Westfield Shopping Centre, Queen Elizabeth Park and access to Stratford Station with Central, Jubilee, DLR, National Rail and Overground Lines.
- Nearest Station: Bromley-By-Bow Underground Station (Zone 2/3) – Hammersmith & City and District Lines
- Bus routes nearby: Bus route D8 from Twelve trees Crescent bus routes 323, 488 and D8 from Bromley-By-Bow
The property located on the second floor comprises:
- Entrance: Hallway with one large storage cupboard and video phone entry system.
- Living Room: Spacious lounge with lots of natural light and patio doors to balcony. Oak wood flooring.
- Kitchen: White, high gloss base and wall units with off-grey worktop and glass back splash. Integrated Zanussi appliances in good condition and almost new Hoover washing machine. Oak wood flooring.
- Bedroom One: Double bedroom overlooking the canal. Woolmix carpeted flooring.
- Bedroom Two: Double bedroom overlooking the canal. Woolmix carpeted flooring.
- Bathroom: White suite comprising panelled bath with shower head, WC and hand wash basin with shelf and large heated, demisting mirror. Tiled flooring.
- Outside: Large private balcony, secure cycle storage, playground and access to canal side walkway.
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
Tenure: Leasehold
Remaining lease term: 118 Years
Annual ground rent amount: £0
Ground rent review period: No ground rent until final staircasing
Annual service charge amount: £2,750.16
Service charge review period: 1st April annually
Council tax band: Band D
*Financial information correct as of 11/10/2023
Remaining lease term: 118 Years
Annual ground rent amount: £0
Ground rent review period: No ground rent until final staircasing
Annual service charge amount: £2,750.16
Service charge review period: 1st April annually
Council tax band: Band D
*Financial information correct as of 11/10/2023
Floorplan
Financials*
Full Value
£425,000
Share Price
£148,750
Share Value
35%
Monthly Cost
£1,547
Monthly Mortgage
£600
Monthly Rent
£718
Monthly Service Charge
£229
Minimum Household Income
£48,000
Maximum Household Income
£90,000
Deposit Required
£15,750
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Springer Court, 26 Navigation Road, London, Tower Hamlets, E3 3TN Open in Google Maps
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